There are several different types of Bitcoin clients. Header-only clients like MultiBit trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.

Do these types of 'make money without doing anything productive' schemes bother anybody else, or am I just a financial prude who doesn't recognize harmless fun when I see it?

I feel like we might soon need a Frequently Seen Schemes to go along with our FAQ, just to let people know that using a different currency doesn't suspend the laws of economics.

100% agree with you Gavin. I have been protesting these types of things from the very beginning.

Don't be ridiculous people, ponzi schemes do not work. The only person who will make any real money is "doood", the OP of this thread.

Besides, if it did work (and many millions of people signed up and lost their money...), BTC would be worthless anyways... so it's lose/lose for everybody involved really.

I mean really, why do it with bitcoins? Why don't you idiots just send him $1 via PayPal, and he will send you $2 in a few days..? PayPal takes less than a 13% cut, so the OP would still be profiting (which is his main goal here).

I thought that we were not allowed to list anything for sale or on this forum that was illegal in the united states and/or Japan?

IANAL But I am pretty sure that HYIPs, ponzi schemes, and financial pyramids of the same ilk are quite illegal in both countries.

Please excuse me when I say "Get your illegal ponzi type crap out of this forum."

As someone somewhere else stated, this kind of pyramid or ponzi scheme is just gambling.

Pyramid != ponzi (as pyramids are explicit that they're paying earlier participants from later participants (and thus that if there's no later participants, no payments to earlier participants are due) while ponzi schemes involve a promise to pay early participants that has no connection in the promise to later participants... pyramids are also generally less stable since there's less room for the pyramid operator to convince earlier participants to roll-over their "investment" and become a later participant)

As someone somewhere else stated, this kind of pyramid or ponzi scheme is just gambling.

Pyramid != ponzi (as pyramids are explicit that they're paying earlier participants from later participants (and thus that if there's no later participants, no payments to earlier participants are due) while ponzi schemes involve a promise to pay early participants that has no connection in the promise to later participants... pyramids are also generally less stable since there's less room for the pyramid operator to convince earlier participants to roll-over their "investment" and become a later participant)

Yes, I understand that they are not the same, but it's hard to know which to call this, and I've seen it called both in this thread.

As someone somewhere else stated, this kind of pyramid or ponzi scheme is just gambling.

It's gambling that you'll get in before people stop joining. That's why nobody joins fxnet now because everybody is already on fxnet. It's a bet on how many people will join and how quickly.

I have 2 fxnet accts funded, setup a 3rd and will fund it when the first two have paid for it, then I'll get a 4th, and fund that one when the other 3 have paid for it. Then promote the 4th, I used my own refferal for each level, no point in going further, except to increase my random odds, not worth it. I'm sure others are doing the same thing.

I've funded my sldoubler acct, but I think the refferal link is doing better, I already got 2 or 3. By the time enough people sign up so my double pays out, I doubt I'd buy another. I'm the 49th to pay, so there needs tobe 147 paid users for me to get mine, if I want back in at that point, I'd have to wait till ~450 sign up, at the rate we're going that will be a long way off.

Need more bitcoin users, since bitcoin users who will sign up have already.